The room in front of me has been decked out to look like any other living room at this time of year. Tinsel is hanging over picture frames on the wall, a festive throw is on the sofa and wrapped presents sit under the Christmas tree decorated with fairy lights and baubles. But, in just … Read more
What do you want to happen to house prices? Amid the reams of data produced and words written on the property market, this is a question that rarely gets pondered. The past month has produced an even greater wave of house price reports for us to cover than usual, as we came not just to … Read more
The majority of home-seekers are determined to plough ahead with their property transactions once lockdown restrictions are eased, new findings show. Ninety-four per cent of buyers and sellers surveyed in research by property website Rightmove said they want to get their property deal moving when the housing sector is taken off the leash. As lockdown … Read more
The averge UK property prices ‘unexpectedly’ increased in April despite the coronavirus lockdown, fresh figures from Nationwide suggest. The average cost of a home across the country rose by 0.7 per cent compared to March, and on an annual basis, house prices rose by 3.7 per cent. At a record £222,915, the average house price is … Read more
The housing market could be back up and running in just a few weeks after the industry body for surveyors confirmed it will unveil ‘practical guidance’ to enable home valuations to restart safely. A spokeswoman for the Royal Institute of Chartered Surveyors told This is Money that it is readying a new set of guidelines … Read more
Hundreds of thousands of home sales worth a total of £82billion that were agreed before the outbreak of the coronavirus pandemic are now on hold due to the lockdown, new research shows. Property website Zoopla said some 373,000 property transactions are suspended in the pipeline as Government restrictions are effectively stopping people from moving home. … Read more
What happens after you stop the property market? In an ironic twist for some house price watchers, who regularly deride its index as meaningless due to being based on asking prices, this week Rightmove declared its latest statistics on values, property coming to market and sales agreed were ‘not meaningful’. The pause button was pressed … Read more
The pace of house price growth seen since the start of the year had already begun to slow down in February before the market was frozen by the virus lockdown, new official data shows. While property prices have risen by an average of £2,000 to £230,000 in the last year, the monthly upturn in prices … Read more
Revealed: 1.2million households have already taken a mortgage holiday – but experts warn some could struggle to remortgage as a result Some 1.2m households have taken a mortgage repayment holiday so far The vast majority of these will have been financially hit by coronavirus But experts warn these borrowers may be looked upon unfavourably in future … Read more